Solvay (OTC:SLVYY) Stock Price Up 0.8% – Time to Buy?

Solvay SA (OTC:SLVYY)’s stock price was up 0.8% on Thursday . The company traded as high as $3.35 and last traded at $3.3250. Approximately 42,579 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 59,656 shares. The stock had previously closed at $3.30.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SLVYY. Sanford C. Bernstein lowered shares of Solvay to a “market perform” rating in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft cut Solvay from a “hold” rating to a “sell” rating in a research report on Monday, November 24th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Solvay presently has a consensus rating of “Reduce”.

Solvay Trading Up 0.8%

The firm’s 50 day moving average is $3.09 and its 200 day moving average is $3.14.

Solvay Company Profile

Solvay SA provides advanced materials and specialty chemicals worldwide. It operates through four segments: Materials, Chemicals, Solutions, and Corporate & Business Services. The Materials segment offers specialty polymers, including aromatic polymers, high barrier polymers, and fluoropolymers for the electronics, automotive, aerospace, and healthcare industries; and composite materials for aerospace engineered materials market. The Chemicals segment produces and sells soda ash and sodium bicarbonate primarily to the flat and container glass industries, as well as for use in detergents, pharmaceutical, and feed and food industries; hydrogen peroxide for use primarily in the paper industry to bleach pulp, as well as chemicals, electronics, food, mining, and environment; and dispersible silica for tire manufacturers; and solvent solutions, phenols and derivatives, polyamide derivatives and smart, functional, and sustainable yarns and polymers.